An interesting whitepaper published by Princeton/Florida researchers points that 74% of the hashrate on the Bitcoin network is in Chinese-managed mining pools. http://bit.ly/2yt8bMx

China’s government-backed organization is working to release three blockchain standards on smart contracts, privacy and deposits, in order to better guide the development of the blockchain industry in China: http://bit.ly/2ytrxBk

Japan’s GMO Internet Group to launch yen-pegged stablecoin in 2019 to target international remittances: http://bit.ly/2C7msC7

Singapore’s financial regulator is willing to lend a hand to cryptocurrency firms having problems setting up local bank accounts, but doesn’t plan to loosen its rules to lure more crypto startups to the country: http://bit.ly/2yt5EC1

Terra aims to push for greater use of stablecoins through e-commerce by forming a partnership with leading e-commerce platforms in Asia to leverage on the platforms’ large and ever-growing transaction volume: http://bit.ly/2ypOkOi

XRP could be the first in the cryptocurrency history being adopted as the official currency of the Tokyo 2020 Olympic Games. http://bit.ly/2yqZeU0

In this new episode, Joyce Yang from Global Coin Research is joined by Jason Fang, Managing Partner at Sora Ventures, an Asia-based venture capital firm focused on blockchain and crypto investments. The mission of the fund to invest in entrepreneurs who can make positive changes in our world using blockchain technology. Their investments include Thunder, Urbit, Mithril, Alphaslot and more.

Additionally, the Sora Summit will be taken place in Macau on Nov 13–14th. Listen to Jason in the podcast at 28:41on why the Summit will be taken place in Macau and checkout the great line-up of speakers and attendees.

Use Discount Code SORAMEDIA2018 to get 80% off

Jason was one of the earliest employees at Fenbushi Capital and started Sora Ventures when Mainland China banned ICOs in 2017. When I initially spoke to Jason, I’ve found him to be very thoughtful and his investing approach to be very unique amongst crypto investors that I’ve met. In our conversation, we talk about how Sora invests in crypto projects, Jason’s outlook for the crypto space, and his perspectives on crypto developments in the East and the West.